DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0107%/8h= +11.7% APRnext payment +$1.07 per $10,000 · paid last 24h +0.050%

Price spread now: Bybit against Phemex+0.016%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1101.098% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.016%, 7d avg +0.015%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.110	0	get 0.0000% / 8h	3h 47m	$1.7M	$1.3M	10x
Short	Bybit DRAMUSDT	62.120	0.0107	get 0.0107% / 8h	3h 47m	$9.7M	$9.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $22.44
Price spread: +0.016% → +0.015%: $0.07
Slippage, 4 orders: −$86.77
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.26
Costs to cover: 1.098%
Break-even: 34.2 days

Slippage from Phemex: live order book, 5 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 5 min ago	1.61 bp	50.0 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.80 bp	7.7 bp −$8	11.4 bp −$114	111.2 bp −$11.1K	doesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx DRAM/USDC	0.0000%	1h	62.047	−0.101%	$437K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.130	+0.032%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.199	+0.144%	$37K	$179K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.080	−0.048%	$803	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.060	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.110	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0020%	1h	62.116	+0.010%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.050	−0.097%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.090	−0.032%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.030	−0.129%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	62.077	−0.053%	$160K	$451K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.039	−0.114%	$265K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.061	−0.079%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.010	−0.161%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0071%	8h	62.140	+0.048%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0076%	8h	62.048	−0.100%	—	—	5x	as long as short
Lighter DRAM	+0.0080%	1h	62.078	−0.052%	$1.0M	$1.2M	20x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.186	+0.122%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.056	−0.088%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.060	−0.081%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.230	+0.193%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.090	−0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.078	−0.051%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	0.000%	$533K	$75K	20x	as long as short
Bybit DRAMUSDTshort	+0.0107%	8h	62.120	+0.016%	$9.7M	$9.7M	100x
tradeXYZ xyz:DRAM	+0.0130%	1h	62.067	−0.069%	$81.2M	$35.5M	20x	as long as short
Aster DRAMUSDT	+0.0193%	8h	62.086	−0.039%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0261%	8h	62.144	+0.055%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0287%	8h	62.090	−0.032%	$300K	$26K	20x	as long as short
Extended DRAM-USD	+0.0304%	1h	62.086	−0.039%	$76K	$662K	10x	as long as short
Binance DRAMUSDT	+0.0306%	8h	62.104	−0.010%	$44.5M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0310%	8h	62.100	−0.016%	$8.2M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0395%	1h	62.080	−0.048%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0569%	8h	62.130	+0.032%	$8.1M	$3.5M	75x	as long as short